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Mexican car exports hit record high

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Mexico’s car exports set a record in June. This was driven by a surge in exports to buyers in the United States, the Mexican Auto Industry Association (AMIA) said.

Vehicle exports had risen 12 percent from a year earlier. Mexican car factories exported 276,626 vehicles and produced 334,606 in June. Exports to the United States, Mexico’s top trading partner, reached 215,235 vehicles in June, an increase of nearly 16 percent.

Export shipments fell 6.7 percent in Latin America and 0.6 percent in Europe, while exports to Asia rose almost 64 percent.

Mexico accounts for about one-fifth of the car production in North America.